On Thursday, the spot rupee ended higher at Rs 48.70 per USD as against its previous close of Rs 48.88 per USD.

According to Manis Thanawala, Greenback Forex, the rupee is likely to be stronger today on dollar's weakness against major currencies. The range for the day is seen between Rs 48.20-48.70 per dollar. The May IIP data is expected to be at 1.50%.